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    311 S Union Ave Madison, SD 57042

    For Sale
    $175,000

    COMMERCIAL - Madison, SD

    Property size:
    2,855 SF
    Lot size:
    0.47 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 311 S Union Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MH
    APN
    21095-00100-080-15 & 210950010008015
    Size
    2,855 SF
    Lot size
    0.47 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    14
    Flooring type
    Laminate, Carpet, Concrete
    Building materials
    Frame, Masonry, Metal Siding

    EXIT Realty Advantage (605) 270-2598 [email protected]

    Listing agent Adam P Foland

    Listing date Nov 22, 2025

    MLS# 22507419 Listing URL

    Copyright © 2025 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Property in Madison

    This commercial property in Madison, SD, offers a versatile space suitable for various business needs. It features 2,855 square feet of finished office space, which has been previously rented to multiple businesses. Additionally, there is 4,500 square feet of insulated shop space, suitable for contractors, industrial use, or as a hobby shop. The property is zoned MH. Situated on a 0.4683-acre lot, the property includes private on-site parking and additional land space for expansion. The property presents an opportunity for rental income or personal/business use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Powder Specialties Powder Coating Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    South Dakota
    Longitude
    -97.120123
    Latitude
    44.001778

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    FAQs

    What type of property is this?
    Flex space - Office and shop space with income potential in Madison, SD.
    Where is this flex space located?
    The property is located at 311 S Union Ave Madison, SD.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - 4,500 sq ft insulated shop space suitable for various uses.; - 2,855 sq ft of finished office space with rental income potential.; - Potential for income stream from renting office and/or shop space.
    (605) 270-2598
    Request Owner's contact information
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    Madison, SD 57042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 S Union Ave Madison, SD 57042
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